ShippingWatch

D/S Norden lost 65.6 percent of stock value in four years

The last four years have cost the stock capital of Danish shipper D/S Norden DKR 13.3 billion (2.4 bln. USD). This is made evident by data from Nykredit Market.

The otherwise successful Danish dry bulk shipper has lost more than half of its share value during the last four years, and has thus seen its total stock capital drop from DKR 20.3 billion (3.6 bln. USD) to DKR 7 billion (1.2 bln. USD).

An article on ShippingWatch on Wednesday told that shares of Danish shipping companies had dropped on average 16.6 percent in the period from March 19th 2008 to March 16th 2012, but it is now evident that the shares of D/S Norden have dropped significantly more than the average of the total shares of the five shipping companies (A.P. Møller-Mærsk’s B share, D/S Norden, Torm, DFDS, and Erria).

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